Automotive 3D Printing Market Size, Share and Segmentation by Application (Prototyping & Tooling, Research, Development & Innovation, Manufacturing Complex Components, Others), by Technology (Stereolithography (SLA), Selective Laser Sintering (SLS), Electron Beam Melting (EBM), Fused Deposition Modeling (FDM), Laminated Object Manufacturing (LOM), Three-Dimensional Inject Printing, Others), by Material (Metals, Plastics, Composites and Resins, Others), by Regions and Global Market Forecast 2023-2030

Report Scope & Overview:

Automotive 3D Printing Market Size was valued at USD 2.90 billion in 2022 and is expected to reach USD 14.42 billion by 2030 and grow at a CAGR of 22% over the forecast period 2023-2030.

Additive manufacturing, often known as 3D printing, is the process of building a model layer-by-layer using a computer-aided design (CAD). 3D printing helps to reduce lead time and manufacturing costs for complicated parts prototypes and manufacturing. In the automotive industry, 3D printing is utilized for a variety of purposes, including design and idea communication, prototyping validation, preproduction sample and tooling, and part customization. Polymers, metals, ceramics, and other materials are used in vehicle 3D printing. The characteristics of the printed object influence the choice of printing material. The automotive industry makes substantial use of 3D printing due to the qualities discussed above since it enables automobile designers to evaluate prototypes, envision, design, and customize vehicle parts in a shorter period of time than was previously possible. At the present time, it is commercially obtainable in a variety of material types, including metal, polymer, and ceramics.

Volkswagen is currently making mass-customized automobiles with the help of HP's Metal Jet 3D printer. The 'Divo Supercar' from Bugatti includes certain 3D printed pieces in order to lower the car's overall weight. Bugatti's new model is lighter than the previous one thanks to the use of printed fin taillights.

MARKET DYNAMICS: 

KEY DRIVERS: 

• The rise in R&D activities worldwide is one element boosting the automotive 3D printing market.

• Manufacturers are investing in automotive technology to produce fuel-efficient automobiles with minimal emissions.

• Rapid prototyping costs and times boost market expansion.

• Market expansion is aided by fast prototyping's decreased costs and lead time.

• Increase in government funding for 3D printing-related research and development.

RESTRAINTS: 

• The market's predicted growth would be hampered by the product's high initial cost.

• The market's expansion is likely to be hampered by a scarcity of qualified workers and knowledge.

OPPORTUNITIES: 

• Rapid urbanization has a favorable impact on the 3D printing market for automobiles.

• In the coming years, the market will be able to benefit from technological developments.

• Designers can uncover flaws or problems in creating prototypes through the usage of 3D printing technology.

• Emissions must be minimized while the heavy engineering sector grows.

CHALLENGES: 

• 3D printing's future is a problem for intellectual property and copyright legislation.

• Free component designs and blueprints on the internet threaten patent holders.

IMPACT OF COVID-19:

The crisis caused by COVID-19 has led to uncertainty in the market, a significant slowing of the supply chain, and the temporary shutdown of several industries. The automotive markets in Europe and Asia both had low levels of demand, which led to low levels of printer shipments. During the epidemic, the majority of companies that specialize in 3D printing changed their attention to providing services that aid in the fabrication of medical equipment. However, in order to solve problems with their supply chains and provide localized and decentralized production, a number of car manufacturers have turned to additive manufacturing. A number of industry participants have implemented in-house 3D printing for the manufacturing of tools, jigs, and fixtures on an as-needed basis.

BY KEY MARKET PLAYERS:

Stratasys (Israel), 3D Systems (US), Desktop Metal (US), EOS (Germany), Arcam AB (Sweden), Renishaw plc. (UK), HP (US), Buggati, EPlus3D (China), Materialise (Belgium), Carbon (US), SLM Solutions Group AG (Germany), Voxeljet (Germany), Farsoon Technologies (China) and Sinterit (Poland), Protolabs (US), Nexa3D (US), and Ultimaker (Netherlands) are some of the affluent competitors with significant market share in the Automotive 3D Printing Market.

MARKET ESTIMATION: 

Market, By Application:

The global market has been divided into Prototyping & Tooling, Research, Development & Innovation, Manufacturing Complex Components, and Others Based on the application segment. The largest share of the market will come from the prototyping and tooling segment. The segment has grown steadily over time and will continue to do so in the future. The main reasons for this are how quickly the prototype can be made, how simple the process is, how much it costs, how many different filaments can be used, how easily the design can be changed, and how little waste there is.

Market, By Technology:

The global market has been divided into Stereolithography (SLA), Selective Laser Sintering (SLS), Electron Beam Melting (EBM), Fused Deposition Modeling (FDM), and Laminated Object Manufacturing (LOM), Three-Dimensional Inject Printing, Others Based on the technology segment. In the automotive business, the FDM is one of the most often utilized methods of 3D printing. In the automobile 3D printing sector, the method's adaptability in producing prototypes, concept model parts, and finished items keeps it strong.

Market, By Material:

The global market has been divided into Metals, Plastics, Composites and Resins, and Others based on the material segment. Polymer is the most commonly used material due to its strength and flexibility. There will be an increase in the usage of metals in automobile 3D printing, however, as parts that must endure high pressure and temperature can be printed using metal 3D printers.

MARKET SEGMENTATION:

By Application:

• Prototyping & Tooling

• Research, Development & Innovation

• Manufacturing Complex Components

• Others

By Technology:

• Stereolithography (SLA)

• Selective Laser Sintering (SLS)

• Electron Beam Melting (EBM)

• Fused Deposition Modeling (FDM)

• Laminated Object Manufacturing (LOM)

• Three-Dimensional Inject Printing

• Others

By Material:

• Metals

• Plastics

• Composites and Resins

• Others

REGIONAL ANALYSIS:

North America is expected to have the biggest share of the global 3D printing market in 2022. This is because technology keeps getting better and there are a lot of car companies in the area. Europe is expected to be the biggest 3D printing market and to have the fastest-growing market. The main reason for this is that top automakers use additive manufacturing a lot for research and development, like making prototypes and fixtures. The cost-effectiveness of 3D printing is the main reason why it is used in R&D. The polymers that 3D printers use can be reused to get the most out of them. The US is expected to be the leader in the 3D printing market for cars in North America. Since the US makes a lot of ICE vehicles and electric vehicles are being made quickly, there is a high demand for 3D-printed parts. It is thought that the US will lead the market for 3D printing in plastic.

REGIONAL COVERAGE:

• North America

  • The USA

  • Canada

  • Mexico

• Europe

  • Germany

  • The UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Frequently Asked Questions (FAQ) :